Archive for April, 2013

C2-MTL 2013 – Interactive workshop with Wajam CEO Martin-Luc Archambault sponsored by PWC

April 29th, 2013 | by alainwong

posted in Company, Events, Montreal, Press, Startups

C2-MTL is a unique event in Montreal bringing together commerce and creativity. Last year, Wajam CEO Martin-Luc Archambault was a winner in the C2-MTL Emerging Entrepreneur contest sponsored by the Claudine and Stephen Bronfman Family Foundation.

This year, Martin-Luc has been invited back as a guest by PwC to host an interactive workshop discussing Angel Investors and Angel Financing. As an angel himself who has invested in over a dozen startups and a board member of Anges Québec, a group of 100+ angel investors in the province, Martin-Luc will be discussing and showing best practices for startups and businesses seeking financing.

Workshop C2-MTL avec Martin-Luc Archambault

Wajam CEO Martin-Luc Archambault is an ARISTA Finalist for Young Entrepreneur of Quebec

April 24th, 2013 | by alainwong

posted in Awards and Press Mentions, Company, Montreal, Press

We’re happy to announce that Wajam CEO Martin-Luc Archambault is an ARISTA Provincial Contest finalist in the category Young Entrepreneur of Quebec.

Concours Arista Quebec

In Greek, ARISTA means excellence. It celebrates its 35th anniversary this year. The ARISTA Provincial Competition has set out to recognize the success of young business people (executives, entrepreneurs, professionals and self-employed workers) in Quebec. It is the most important yearly event that the JCCM (Jeune Chambre du Commerce de Montreal) organizes and the winners will be announced during the May 2012, ARISTA Gala.

We wish Martin-Luc the best of luck!

Wajam CEO Martin-Luc Archambault

Martin-Luc winning an Ernst & Young Entrepreneur of the Year award in 2012

Lunch & Learn with the founders of Frank & Oak an innovative menswear retail startup

April 22nd, 2013 | by alainwong

posted in Company, Montreal, Startups, Team Activities

At Wajam, we’re inspired by fellow Montreal startups who bring new innovation to the world. Every month, we host a Lunch & Learn where we invite guest entrepreneurs and thought leaders to come and share their experiences with our team.

This past week, we had the pleasure of hosting Frank & Oak founders Ethan Song and Hicham Ratnani. From their dramatic pivot from Modasuite, to their surprising growth, it was inspiring to see and hear from fellow entrepreneurs who have persevered and gained recognition worldwide.

Frank & Oak lunch and learn at Wajam

The Wajam team with Ethan Song & Hicham Ratnani from Frank & Oak

A Startup Success Story

Frank & Oak is an online clothing shop for men who are looking for the extraordinary.

The award-winning men’s fashion online retail company pivoted from made-to-measure online retailer Modasuite into one of the most talked about brands on Twitter today.

Through it all, the two co-founders kept focused on what they wanted, building a global business in which they would be the best at what they do.

Startup Lesson #1 by Frank & Oak

Startup Lesson #1 from Frank & Oak

When they came to the realization that made-to-measure retailing wasn’t going to get them to their career goals (building a $100+ million company), they took a hard look at their business and decided to completely redesign their business model. They gave themselves six week to launch their new site, and soon after, Time Magazine called.

#1 Brand for the Modern Man

Driven by data, their new model consists of curating stylish and affordable clothing and giving the best shopping experience for men.

Since their launch in February 2012, they’ve seen a meteoric rise in sales volume and packages shipped, and secured a $5-million series A round from Lightbank (the VC created by Groupon co-founders Eric Lefkofsky and Brad Keywell), Berterlsmann Digital Media Investment, Rho Canada Ventures, and Real Ventures. They also received additional investments from Wajam CEO Martin-Luc Archambault, who was an early angel and board member, as well as other angels from Anges Quebec.

Startup Lessons From The Founders

Here are five memorable quotes from their presentation that resonated with our team.

1. “You have to hustle, and not be afraid of getting your hands dirty.” They had no experience with clothing fabrication when they started their venture, but learned so much by traveling and doing their homework.

Ethan in the early days of Modasuite visiting partners in China

2. “There are not that many roads, you just have to power through them”. Often times, when you tackle a problem, the solution is to focus on the issue with all your energy. Yes, get help when you need to, but also have the tenacity to see things through.

3. “Some people want to be perfect, but nothing ever is.” You will lose money and time trying to be perfect, and your window of opportunity will shrink. Just ship as quickly as possible and then iterate.

4. “If you don’t ship, you lose.” Hicham was referring to clothing packages shipped out to customers, but the same rule applies to software production. By continuously shipping and then iterating, you can more quickly measure the success of your work.

5. “Get things done, today.” If you push something to tomorrow, tomorrow’s bucket will grow bigger. Your backlog list will grow longer. And if you slack off, your whole company slacks off. So set the example for your teammates. Learn to discipline yourself into getting as many things done as possible, TODAY.

Enjoy a better way to shop for men’s clothing. Sign up for Frank & Oak today!

Ethan and Hicham after securing the Series A financing

Wajam Ranked 3rd in Canadian Startup Index

April 15th, 2013 | by alainwong

posted in Company

We’re proud to have jumped to third place on the Techvibes Canadian Startup Index.

The Canadian Start-Up Index is an exclusive list published by TechVibes. Only start-ups with an excellent Alexa Rank are included. Alexa is a web information company that provides website ranking and analytic information.

Wajam Alexa Ranking April 2013

Wajam is again the top-rated Montreal-based start-up on the index.

Really proud of our team, who aren’t just top innovators, but also surprising good bowling players as I found out last week!

Wajam Team Bowling

Wajam team bowling at Sharx

Real Spartan Race Training in Montreal

April 11th, 2013 | by alainwong

posted in Company, Team Activities, Wajam Spartans

The team has been hard at work training for the Spartan Race at Jeanne-Mance Park.

We even received some friendly chatter from fellow participants from iNovia Capital, Mate1, PasswordBox and Cat’s Corner. Mate1 actually sent us donuts before a team run!

A friendly training gift from Mate1

We did what we did best… reply to them with another Wajam video.

Subscribe to our Vimeo channel to get the latest news, and join us Sunday, May 26th, at Morin Heights. AH-ROO!!!